Provided the sale is not to themself which was always their...

Provided the sale is not to themself which was always their plan, the QC thinks this is legal and I agree with him as in a normal liquidation the secure creditors can just take over the company that owned them the money but that's provided the liquidator hasn't received a larger bid by another party and I haven't come across a situation were the major secure creditors are also majority share holders so it possible they legally can't do this as it's deem conflict of interest or maybe they are just stupid and made a big mistake selling the company 3x less....that I highly doubt.